In his Manifesto of 1848, Karl Marx wrote: "The theory of the communists may be summed up in a single sentence: Abolition of private property." "You reproach us with intending to do away with your property. Precisely so: that is just what we intend."
Have We Adopted Marxist Ideas?
To this end, he advocated:
1.Abolition of property rights and application of all rents to the state.
2.A heavy progressive graduated income tax.
3.Abolition of all rights of inheritance by taxing inheritance.
4.Confiscation of the property of emigrants and all rebels to the state.
5.Centralisation of credit in banks of the state, by means of a national bank with an exclusive monopoly on money supply.
6.Centralisation of the means of communication and transport in the hands of the state.
7.Factories and instruments of production to be owned by the state; wilderness areas to be nationalised by the state.
8.Equal obligation of all to be put to work by the state.
9.Establishment of industrial armies, especially for agriculture.
10.Combination of agriculture with manufacturing industries; gradual abolition of all the distinction between town and country, by more equable distribution of the populous over the country.
11.Free and compulsory education for all children in state schools.